PolarLake partners with SWIFT: launches solutions for the Investment Funds and Cash Management Business Areas

(January 19th 2004) PolarLake(tm), a leader in standards based incremental
integration, has today joined forces with SWIFT(tm), a global community of
financial institutions, to deliver new business solutions for the investment
fund and cash management areas.

The launch of these new business standards by SWIFT will facilitate
standardization and automation in the investment fund and cash management
business areas. These are part of its new generation of XML-based business
standards built on SWIFT's experience in developing FIN messages - taken one
step further.

PolarLake's SWIFT-based solutions allows SWIFT customers to rapidly gain the
benefits of the new SWIFT business standards at a much lower level of
initial investment and on-going cost of ownership than is possible with
traditional integration vendors. Because of PolarLake's standards based
approach to incremental integration it is substantially easier to implement
and configure to individual customer requirements proving to be particularly
attractive to tier 2 and 3 financial institutions who have traditionally
struggled to cost justify integrating their operations into the SWIFT
network, despite its attractions.

"I am delighted to announce the latest of PolarLake's finance focused
business solutions. We see the roll out of the SWIFT Standard XML messages as a major milestone in the adoption of XML across the financial services
industry" said Michael Walford-Grant, UK Sales Manager for PolarLake. "Our
products are ideally suited to address the key issues when adopting XML: managing cost and risk while rapidly delivering a highly scalable, performant and flexible system. By relying on PolarLake, a system already proven in major financial services organizations worldwide, SWIFT users can be confident that the solution will scale and evolve to meet their business objectives".

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